EURUSD

hmm... the usd is gaining against gold and silver...so i'm pretty sure that we will see more pressure on the euro.

after the break of 1.4170 we should head to south for the next hours

i'm not incorporated so i don't know.

What!?!? Your crazy

my focus is on will we close above or below 4121

daily or weekly close?

hehe, too many beers to celebrate the green pips, eh? be sobber tomorrow - your assistance here is needed.

above for now, still we have an hour u never know

most probablyz above 4121.. not enough momentum for the day to go below thatz...

Bid count since LO still up by 350, tho down from 600 earlier. But still not very aggressive shorting, by that metric.

European Forex Technicals: EUR Weakness Corrective
24 Mar 2011, 08:08

By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner





Intraday EUR/USD: Support in the 1.4035/50 region is under threat, having completed a near-term head-and-shoulders top on the intraday chart on Wednesday. However, the dominant uptrend will remain intact whilst projected support at 1.3965 holds. Regaining ground above 1.4130 would lift the tone, and above 1.4215 would bring this week's high at 1.4249 back into focus.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: Remains trapped within a tight 80.52/81.32 range, and more of the same is expected during Thursday's current session. However, the main threat is for a bearish resolution, and a break below 80.70 would expose the 80.52 low. Downside projections suggest there is room for 80.00 and the significant 79.75 level in the coming sessions. Only a break above 81.32 would create room for further gains towards the March 18 reaction high at 82.00.

Weekly chart USD/JPY trend: Range.



Intraday GBP/USD: Corrective weakness has room to extend below Wednesday's 1.6218 low, towards the 1.6175/90 area. The 50% Fibonacci retracement level of the 1.5978/1. 6401 rally resides in this area, and backup support lies at 1.6125. Keeping 1.6218 intact, combined with a clean break above 1.6272 would lift the tone, prompting a recovery back towards the 1.6386.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: Resistance at 0.9125 is under threat following Wednesday's strength. A bull wedge has been completed on the 60-minute chart, and a break through 0.9125 would attract further gains towards sterner resistance in the 0.9205 area. Support lies at 0.9050, and only below there would expose Wednesday's 0.8978 low.

Weekly chart USD/CHF trend: Bearish.














I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...

Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for you ...

At least there are only very few here who are working with success and with a system that is based on real experience that could work for you as well ...

That's why ... nennt es wie ihr es wollt ... aber sitzt nicht lange in einer falschen Fankurve herum ... don't waste your time ... trade in stead of ... einen schönen Tag wünsche ich ...


palim palim



;-|

neither atm.. watching to c if 4176 gets touched.

4176 the first bull? I thought it was the bear we crossed earlier...

nope.. way down to 4121.7..

not a chance of reaching that...

Still long. Looking like an exercise in BTFD.

Morning guys!


wow!
seems like I closed my short close to perfect yesterday

yes

i cant here.. no fresh green light atm. if we dont get a new high. we will go to 4121. it will take a decent pullback to give a green light. i don't mind holding anything s above 4195.. with 100p sl.. but im still in scalp mode.
4191 #2

Some quotes, and comments, on that reading.

Quotes:

A. "That leaves one, and only one, logical buyer: Our own Federal Reserve!"

B. "I believe the Fed will be forced to print even more money, to buy back bonds from Japan."

C. "I HAVE ABSOLUTELY NO DOUBT THAT THE U.S DOLLAR IS NOW WITHIN A HAIR OF COLLAPSING TO NEW RECORD LOWS."

D. "I HAVE ABSOLUTELY NO DOUBT THE DOLLAR WILL LOSE ITS WORLD RESERVE STATUS AND THAT A NEW MONETARY SYSTEM WILL BE NEEDED."

Comments:

A: This is a thoughtful, well reasoned, well articulated objection leading to this inevitable conclusion. See the movie My Cousin Vinnie for what good that sometimes does.

B: But, it must be asked, "so what?" Any notion of {M x V = P x Y} is largely a macroeconomic anachronism. The heirs to the thoughts of Milton Friedman, Ludwig v. Mises, and the current Ron Pauls of the nation and the world have been scratching their heads and seething over the apparent disconnect between money supply, prices, and output. But, when all that supports currencies is belief, then, belief is all that's needed. But that brings up:

C: First of all, "ABSOLUTELY NO DOUBT" is as risky a statement as the EUR "certainly" having a 40 or even 39 handle today in light of all the cr@p news yesterday. But beyond that, downward pressure on the USD means that the repatriation of the Yen via T-bonds sales at lower and lower values becomes more and more expensive, to say nothing of the effects on trade flows. Any Central Bank has to consider those points very carefully.

D. Sooner or later, we all feel that this should be likely to happen. But replace it with what?

A global? Ain't gonna happen; ask the US Republicans, the German people, or even the Japanese.

Swissy? There aren't enough of them. Switzerland is a wonderful place, but largely because it is efficient, prudent, and exclusive. And small. Probably the last thing they would want is oil or copper or grain world denominated in their currency; if oil is quoted barrels/CHF, stand it on its head, and suddenly CHF is quoted in barrels.

EUR?

JPY? Under this scenario, their liquidity requirements (some two decades old, in fact) are a big part of the problem, not the solution.

Chinese? The currency (oh, wait, one of the currencies) of a state-controlled, corrupt system with out-of-control effective but unaccounted costs, which has been enriched largely by exchanging cheap cr@p for over-valued American debt paper? And a government that could then manipulate the prices of the world's life blood to their advantage? Probably not so much.

Did I forget anybody? What about that homely guy sitting in the corner? Wait, that's the guy that brung me. Oh well.

Precious metals, and real property. And lead. Lots of lead.